Managing Multiple Currencies with Currency Accounts
Use currency accounts to keep finances cleanly separated across multiple currencies.
Quick Steps
- 1Understand Currency Accounts
Your default currency account is created automatically in your business's primary currency.
- 2Add Currency Accounts
Add additional currency accounts (USD, GBP, EUR, etc.) for international invoicing.
- 3Switch Between Accounts
Use the currency switcher in the sidebar. All invoices, expenses, reports, and analytics are scoped to the active account.
How Currency Accounts Work
Invoicemonk supports multiple currencies through Currency Accounts. Each currency account keeps your finances cleanly separated — no cross-currency mixing.
- When you create a business, a default currency account is automatically created in your business's primary currency
- You can add additional currency accounts (e.g., USD, GBP, EUR) for international invoicing
- Switch between currency accounts using the switcher in the sidebar
- All invoices, expenses, reports, and analytics are scoped to the active currency account
Why This Matters
- Financial reports are always single-currency for accuracy
- No confusing exchange rate calculations in your reports
- Each currency account has its own payment methods
Frequently Asked Questions
Why does Invoicemonk separate currencies into accounts?
Financial reports are always single-currency for accuracy. No confusing exchange rate calculations in your reports. Each currency account has its own payment methods.